All new 2016 Toyota Prius Hybrid world premiere on Sept 8

ETAuto BureauNEW DELHI: Japanese automobile manufacturer Toyota Motor Corporation is going to unveil its fourth generation all new 2016 Prius Hybrid on September 8, the company said in a press statement.The new Prius is expected to have better gas mileage than the old one and is better looking. It will also have a lower center o gravity for better handling.

The current Prius gets an estimated 50 mpg in combined city and highway driving.

Toyota's North American CEO Jim Lentz said Thursday "we will continue to develop new hybrids even though sales of alternative-fuel cars as a segment are down about 15 percent for the year".

"With lower fuel prices, it's having an impact on the entire segment," he said. "But long term, it's still the player. We've seen these rises and falls in fuel prices in the past. "

Prices of most SUVs were cut between Rs 1.1 lakh and Rs 3 lakh following the implementation of GST, which subsumed over a dozen central and state levies like excise duty, service tax, and VAT from July 1.